Bitcoins blockchain protocol makes mining more difficult as more miners join the pool, and the Bitcoin reward for mining a block also halves every 210,000 blocks.

However, transactions still need to be validated and stored on blocks in the blockchain – so miners will only benefit from transaction fees.

As it stands, Bitcoin transactions are processed by the network in order of the transaction fee associated to that specific transaction.

Segwit was eventually implemented in Aug. 2017, as major stakeholders from the largest mining pools and Bitcoin companies pushed for a solution to high transactions fees caused by a backlog due to the block size limit.

Once all 21 mln Bitcoin have been mined, transaction fees will be the only incentive for miners.

Treon (TXO) is an Ethereum blockchain-based utility token and e-wallet for paying utility bills using a robust technology in a completely decentralised and secure fashion.

Treon (TXO) is focused on providing an exciting value-added service that will simplify the utility management and payment process like never before: consumers will effect their payments instantly using a simple consolidated dashboard.

Moreover, Treon (TXO) is on its way to bring a large number of new users into the crypto space by connecting billions of utility customers to the blockchain.

Our vision is to reach a point in the near future where utility consumers around the world use the Treon token (TXO) as their currency of choice and preferred payment tool.

We are set to convince utility companies to accept Treon tokens (TXO) from customers because it is faster, more secure, and less costly to operate and use.